Brokerages predict that Carter’s, Inc. (NYSE:CRI) will report sales of $1.07 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Carter’s’ earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.07 billion. Carter’s reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The business is scheduled to issue its next earnings report before the market opens on Monday, February 25th.
According to Zacks, analysts expect that Carter’s will report full year sales of $3.44 billion for the current fiscal year, with estimates ranging from $3.44 billion to $3.45 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.54 billion, with estimates ranging from $3.53 billion to $3.55 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Carter’s.
CRI has been the topic of a number of research reports. Wells Fargo & Co cut their price objective on Carter’s from $105.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Monness Crespi & Hardt cut their price objective on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Macquarie set a $100.00 price objective on Carter’s and gave the stock a “buy” rating in a report on Friday, October 26th. TheStreet downgraded Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Finally, B. Riley initiated coverage on Carter’s in a report on Tuesday, October 30th. They issued a “market perform” rating and a $104.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Carter’s presently has a consensus rating of “Hold” and an average price target of $109.50.
In related news, Director David Pulver bought 1,000 shares of the stock in a transaction dated Wednesday, December 19th. The stock was acquired at an average price of $80.10 per share, for a total transaction of $80,100.00. Following the completion of the purchase, the director now owns 65,517 shares in the company, valued at $5,247,911.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of CRI. SRS Capital Advisors Inc. acquired a new stake in Carter’s during the 3rd quarter valued at approximately $108,000. First Hawaiian Bank acquired a new stake in Carter’s during the 3rd quarter valued at approximately $122,000. Ffcm LLC grew its stake in Carter’s by 1,761.4% during the 4th quarter. Ffcm LLC now owns 1,638 shares of the textile maker’s stock valued at $134,000 after purchasing an additional 1,550 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Carter’s during the 3rd quarter valued at approximately $163,000. Finally, Private Advisor Group LLC acquired a new stake in Carter’s during the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 95.82% of the company’s stock.
Shares of Carter’s stock traded up $0.87 during trading hours on Friday, reaching $90.49. The stock had a trading volume of 1,001,471 shares, compared to its average volume of 639,567. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.67 and a quick ratio of 1.49. Carter’s has a 1 year low of $75.66 and a 1 year high of $124.08.
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
Recommended Story: How to calculate the intrinsic value of a stock
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.